We develop three different interpretations of mixed strategies in various contexts: sport, anti-terrorism strategy, dating, paying taxes and auditing taxpayers.One interpretation is that people literally randomize over their choices.Then there are the people who put game theory to work in evolutionary biology, political science, philosophy, engineering, and the computer sciences.We just might be surrounded by game theory in play, so to speak, without even knowing what it is.
Given a utility function and budget constrain, one's behavior could be modeled using indifference curve analysis in two ways: compare two potential romantic partners or compare one romantic partner to all other possible romantic partners.
Those in the field of behavior economics would probably lean towards no.
Behavioral economics has shown that conventional ways of thinking about consumer choice are not necessarily true due to the fact that human's sometimes act irrationally and have difficulty valuing things.
John Nash, the mathematician who was featured in the movie is one of the inventors of game theory along with mathematician John von Neumann.
Game theory was originally an economic and mathematical theory that predicted that human interaction had the characteristics of a game, including strategies, winners and losers, rewards and punishment, and profits and cost.